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Tennessee Investor Seeks Federal Reserve Approval to Increase Stake in Macon Bank Holding Company
Hugh Wayne Clark of Red Boiling Springs, Tennessee has asked the Federal Reserve to let him buy more voting shares of Macon Banctrust, Inc. That would give him indirect voting control of Macon Bank and Trust Company in Lafayette, Tennessee. Comments on the request are due by November 18, 2026, and the Federal Reserve Bank of Atlanta is reviewing it.
This summary was generated by AI; the official source prevails.
What does it mean?
A person wants to own a bigger share of a small-town bank's parent company, so the Federal Reserve must check the request first. Nothing is final yet, and members of the public can send comments until November 18, 2026.
Who is affected?
Hugh Wayne Clark and the shareholders and customers of Macon Bank and Trust Company.